This blog is about macro-economics, financial markets and the world that has been pulled over your eyes to blind you from the truth.

— Neo: What truth?
— Morpheus: That you are a slave, Neo.

2008-08-29

S&P 500 is rising quickly - things are getting worse...

While the Dow Jones and Russell 2000 still have a negative EPS and hence no PER, the PER of the S&P 500 rising quickly and reaching historical high levels if you exclude the Internet bubble. We all know how things end, when we reach these levels...